Our DailyMarket Reports

Morning Gold & Silver Market Report – 10/27/2010

10/27/2010 8:01:45 AM By: Peter LaTona

At 8AM (CT) the APMEX spot prices were:

Gold price - $1,329.60

Silver price - $23.65

Platinum price - $1,696.50

Palladium price – $623.00

COMMENTARY: World equity and precious metals markets were mostly down in overnight trading. Both markets have priced in an aggressive stimulus program by the Federal Reserve in November, but views are emerging that measures may be less than expected. Gold spot price is down $12.10 from yesterday’s Closing Gold & Silver Market Report – Silver spot is down 26 cents – Platinum spot is down $9.50 – Palladium spot is down $7.80.

Disclaimer:
APMEX’s ‘Market Reports’ provide our readers with a review of spot price activity and some of the factors that may be affecting the market for precious metals, three times during the trading day. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.